Form 4: ALLETE INC: Executive Bethany M. Owen Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Bethany M. Owen, Chair, President & CEO of ALLETE INC, reports acquisition of common stock and updates to derivative security holdings as of January 29, 2025.
Summary
- On January 29, 2025, Bethany M. Owen, Chair, President & CEO of ALLETE INC, reported changes in beneficial ownership of the company's stock.
- Owen acquired 6,752 shares of common stock at $0, increasing her direct holdings to 40,632.64 shares.
- She also indirectly owns 8,256.8 shares through the Retirement Savings and Stock Ownership Plan (RSOP) Trust.
- The report includes shares acquired through dividend reinvestment and dividend equivalent features of ALLETE's plans.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing reporting changes in stock ownership. The CEO's acquisition could be seen as slightly positive, but it's not a significant event.
Positives
- The acquisition of shares by the CEO could be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The change in ownership may have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 01/29/2025 | Date of transaction: Acquisition of common stock and updates to derivative security holdings. |
| 01/31/2025 | Date of report signature. |
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